1220 SW 5th St
- Miami, FL 33135
- $450,000
- 0 Cuarto(s)
- 0 Baños
- 2,000 Sqft.
REDUCED FOR A QUICK SALE! POSSIBLE 9-12% cap! Legal duplex, with separate meters, consisting of two 3/2s, currently rented at below market price of $1800 and $1750. Leases end on November. Each unit has a separate master unit with its own entrance, which could be rented separately. In that case the rent could be $1600+$1000+$1600+$1000=$5200. If you rent the 1/1s separately, the cash CAP becomes 7% and 19% 30 year annualized CAP with mortgage. Since you will own the property in 30 years, you should ad the increase of equity, and we call that the 30 year annualized CAP. If renting under section 8 their Fair Market Rent for Miami-Dade as of March 1, 2020 for a 3 bedroom is $2121.
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Virtual Global Realty, LLC. tel:
Real Estate IDX Desarrollado por: TREMGROUP
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Virtual Global Realty, LLC. tel:
Real Estate IDX Desarrollado por: TREMGROUP
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